
Zoom revenue bonanza continues into third quarter
Despite signs that Wall Street may not regard its current hot streak as enduring into the mid term as Covid-19 vaccines become available throughout the major economies, in the here and now, video conferencing firm Zoom is carrying on racking up the revenues as indicated by a strong third quarter.
For the three-month period ended 31 October 2020, the breakout company of 2020 reported total revenue of $777.2m, up 367% year-over-year, while GAAP income from operations was $192.2m, compared with a GAAP loss from operations of $1.7m in the third quarter of the previous fiscal year.
After adjusting for stock-based